Seeking Alpha

Aruba +8.1% AH after issuing solid guidance; Ruckus also up

  • Aruba (ARUN) has guided on its FQ1 CC for FQ2 revenue of $165M-$169M and EPS of $0.16-$0.17. That's only in-line with a consensus of $166.1M and $0.16, but is music to the ears of investors nervous following Cisco's numbers and cautious analyst commentary.
  • Enterprise/carrier Wi-Fi rival Ruckus (RKUS), which has a habit of moving in the same direction as Aruba, is up 2.3% AH.
  • Aruba's FQ1 EPS was boosted by $113M in buybacks. The company announced a new $100M buyback plan last month.
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